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BNB Chain meme cash plummeted after Binance founder Changpeng Zhao (CZ) mentioned that his posts on X shouldn’t be seen as endorsements.
4, which soared to a brand new all-time excessive (ATHs) throughout the latest frenzy, has slumped over 22% within the final 24 hours, in response to CoinMarketCap.
Amongst different distinguished names, Palu (PALU) slid over 14% and GIGGLE plunged earlier than bouncing again to commerce 3% down. Many different BNB tokens have misplaced greater than 20% of their worth.
CZ Says His Posts Are Not Monetary Recommendation
CZ mentioned in an X put up that he tried to keep away from posting content material associated to meme cash on-line, however added that this was “not possible” on condition that there are “too many” of those tokens available in the market.
”For a short time, I attempted avoiding meme associated content material in my tweets,” he mentioned. “Now I simply tweet usually, any overlap to memes is coincidental, not endorsement.”
Good recommendation 👇
For a short time, I attempted avoiding meme associated content material in my tweets. Not possible. Too many memes exist, and it made my writing unnatural.
Now I simply tweet usually, any overlap to memes is coincidental, not endorsement. https://t.co/5AaxuGPGZT
— CZ 🔶 BNB (@cz_binance) October 8, 2025
CZ was replying to a put up by X consumer “Yazan,” who warned of the dangers of meme cash.
“CZ saying a phrase doesn’t mechanically imply you need to search for a meme coin with that phrase and purchase it,” wrote Yazan, who added that he’s “very assured “ that CZ “will not be hinting at something when he says one thing.”
CZ’s reply follows an Oct. 7 put up during which he declared the beginning of a BNB meme coin season.
That was as costs of tokens within the BNB ecosystem soared. On the peak of the frenzy, over 100K on-chain merchants had purchased into new BNB meme cash, with round 70% of the merchants in revenue, knowledge from Bubblemaps confirmed.
BNB memecoin szn is actual
Over 100k onchain merchants purchased into new memecoins, and 70% are in revenue:
• 1 made $10M+• 40 made $1M+• 900 made $100K+• 6,000 made $10K+• 21,000 made $1K+
🧵 https://t.co/FlbU2r2tap pic.twitter.com/9g5VvmLWQO
— Bubblemaps 泡泡地图 (@bubblemaps) October 7, 2025
One of many merchants was even in a position to generate over $10 million in revenue, whereas one other 40 achieved earnings exceeding $1 million. 9 hundred extra merchants noticed features of over $100K.
CZ Says Folks Give Him Too A lot Credit score For Market Strikes
In a follow-up put up on X, CZ mentioned he was busy with in-person conferences in Bahrain when BNB meme coin costs began to drop.
“Folks typically give me an excessive amount of credit score, in good occasions and unhealthy,” he mentioned. “I didn’t do something. Was busy all day.”
Was in IRL conferences all day right this moment in Bahrain🇧🇭, together with one on stage hearth chat.
What a blood tub in crypto right this moment! Not too certain what occurred, however I believe it began with FUD (false information) about Alpha not going to listing sure cash sooner or later, which quickly proved to be… https://t.co/Z7lMUJs09R
— CZ 🔶 BNB (@cz_binance) October 9, 2025
He additionally speculated that the value drops might have been pushed by FUD (Concern, Uncertainty, and Doubt) and faux information that Binance Alpha was not going to listing sure cash sooner or later.
“However the FUD already finished its harm,” he wrote. “That is the unlucky energy of FUD when sufficient folks get fooled by it.”
Some within the crypto neighborhood have proven their help for CZ, who they are saying is being focused by FUD spreaders. Nevertheless, the Binance co-founder mentioned that he’s not too involved.
One other particular person prompt that the FUD round CZ will go away quickly earlier than jokingly including that it’s going to possible return subsequent week.
If there’s FUD about CZ …simply wait till tomorrow, will probably be gone. Repeat the following week. 🙂
— Bruce Fenton (@brucefenton) October 9, 2025
CAKE And BNB Additionally Tumble
CAKE, the native token of decentralized trade PancakeSwap that facilitated large buying and selling volumes on BNB ecosystem throughout the frenzy, is down 2% after CZ confirmed that his posts are usually not endorsements.
The meme coin frenzy helped fireplace BNB to a brand new ATH of $1,336.57 on Oct. 7, however it has since misplaced 6%.
BNB worth (Supply: CoinMarketCap)
Following a greater than 2% drop up to now 24 hours, BNB trades at $1,251.77 as of seven:01 a.m. EST. It’s nonetheless up 41% up to now month.
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